Highlights from Tel Aviv Scaleup Summit 2020

If you know Waze, eToro, Moovit, Houzz, or Monday and you know they are from Israel, you are already aware that the Israeli startup ecosystem is one of the world’s top Innovation hubs.

At the end of June, we were supposed to be at the Tel Aviv Stock Exchange to run the Scaleup Summit, one of our regular invitation-only, business gatherings hosted by the main Stock Exchanges around the world (London Stock Exchange, Borsa Italiana, Nasdaq San Francisco, Tel Aviv Stock Exchange, to name a few). Due to COVID-19 we turned the Scaleup Summit into a fully digital version, including live interviews with Israeli top notch leaders of the buzzing ecosystem (such as Aharon Aharon, CEO of the Israel Innovation Authority, Zeev Holtzman, founder of Giza Venture Capital, Natalie Refuah, Partner at Viola Growth, Ravit Warsha Dor, Partner at Kamet Ventures).

One of the outcomes of the Summit was the 70+ cherry-picked scaleups that we shortlisted to foster innovation and collaboration with our corporate clients. Below we summarize the most interesting emerging trends that we tracked.

Selected International Scaleups on Watch (June 2020)

Digital Construction: Making the Connected Worksite a Reality

The relevance of connected worksites has become more and more apparent in the construction industry. However, real implementation is quite far from accomplished.

Leveraging a strong software technological component, the scaleups explored in the Summit are working to make the connected worksite a reality. Intsite is the developer of a bundle for heavy machinery (cranes, excavators, trucks) that helps construction specialists to increase productivity and safety; ShapeDo develops software that helps manage plan changes in complicated construction projects; LocusView provides a geospatial mobile technology application to optimize and standardize inspections of workmanship quality, compliance and safety for construction operations.

Industry 4.0: Generic solutions? No Thanks. 

The Industry 4.0 revolution is data driven and akin to the Internet of Things. Thanks to the unprecedented amount of data that are being collected, processed, and analyzed for business intelligence, Industry 4.0 is now focusing on specific issues related to specific industries. 

All the data collected from specialized sensors have been leveraged to create deep industry knowledge. 

There is no space for “generic industry 4.0”. The most successful companies we met during our scouting activities for the Israel Scaleup Summit came from founders with several years of industry expertise. 

In the oil and gas industry, some great examples are Dashboard Limited, which developed an IoT-enabled remote flow monitoring system designed to show pipeline data in real-time, and DiagSense, a company specialised in predicting failures or abnormal behavior in mechanical systems and pipelines. 

IndTact and Industrial Analytics solutions apply to different industries but their core expertise in pumps and turbines is an absolute selling point.

And it’s not just a matter of machinery and hardware: GoArc and Mobideo, for example, are focusing their effort on employee safety and management.

According to our analysis, in the coming years we will see more and more specialization for this type of solutions, which will become specific for individual use cases.

Energy, Oil & Gas: What’s Next? 

While it is quite clear to the majority that our future will see less and less reliance on fossil fuels for our power, transportation and energy storage needs, it is still unclear which technology will take the place of products so common as gasoline.

Scaleups such as Fotech Solutions, Prisma Photonics, BioPetroClean, fibrisTerre and HARBO Technologies are working to make the transitory period greener. Avoiding leaks and containing spills or contamination of the environment is a main concern for the industry. Very different technologies, originated from different applications, have been devoted to this task and are successfully making the world a cleaner place.

Other companies, on the other hand, are looking ahead, developing different shades of the technologies that have a big chance of becoming the next bread and butter in the energy industry. 

In this group are scaleups like NrgStorEdge and Gencell, which are focusing on innovative liquid-state hydrogen storage and transportation technologies. Others like Chakratec and Nostromo are developing non-lithium-based energy storage systems, tailoring the advantages of the technology to a specific use case. Finally, companies like Ecoppia or RayCatch which are guiding the solar industry towards maturity, and focus on ROI.

Healthcare: the Future is Now

The scaleups that joined us for the Israel Scaleup Summit provided a hopeful glimpse into what will be the future of healthcare: direct communication between patients and doctors, virtual visits, smartphones as the first source of information on the state of our bodies, and data as the main partners in formulating diagnosis. 

Companies like Health for Development (H4D), TytoCare, Mon4t, and Docdok.health are definitively walking the talk. Actually, H4D is already providing cabins for telemedicine to clients in several countries, same as TytoCare, whose device (a “portable clinic”) is used by all Israeli hospitals during the pandemic to support the huge demand of RPM (Remote Patient Monitoring) services COVID-19 generated. Mon4t brought about its deep understanding on how to monitor and improve neurological disorders – all done in an incredibly simple way, using just the sensors of a smartphone. Interestingly, all the services mentioned above would benefit from a strong connection between the patient and the care providers – which is exactly what Docdok guarantees.

The healthtech sector is rapidly changing and we would suggest anyone to integrate such products sooner rather than later – after all, it’s (good) business that keeps people healthy.

Agritech: Robotics + Automation

With the world population projected to hit nearly 9.5B in 2050, it is clear that efficient solutions will be needed in order to satisfy the world’s request for food. However, innovative approaches can help not only with regards to productivity or economic savings, but also to support more sustainable ways of production. 

Israel is definitely a hotbed for agritech innovations. Two key words emerged among the trends explored through our Summit: robotics and automation. 

As an example, Agroscout allows a quick, efficient detection, identification and monitoring of crop diseases through swarms of drones, while, on the other hand, Skyx employs modular swarms of autonomous drones for precise and flexible spraying.

Re: crop management, CropX offers a combination of advanced soil sensor technology and cloud-based agricultural information that integrates with top irrigation systems to help farmers increase yield and decrease wastages, while Tevel technologies has developed autonomous robots for orchard harvest and management, enabling a revolutionary fruit sorting at the source.

These solutions show that the agricultural sector is second to none with regards to technological innovations and, given the odds at stake, more disruptions are definitely expected to emerge in the near future.

Mobility: Code Word is Connectivity

Autonomous, electrified, and shared: these are all characteristics of the mobility of the future.
But what do they have in common and what is the main enabling factor? Connectivity.

Connected vehicles are incredible information platforms that not only provide better experiences for drivers but also open new avenues (pun intended) for businesses to create value. 

One of the most interesting trends we’re seeing in the Israel Scaleup Summit is the integration of ADAS (Advanced Driver-Assistance Systems) with health monitoring systems. 

Thanks to AI and machine vision, modern cars and trucks will be able to monitor the driver’s awareness and vital signs. 

Some companies focus on attention management – like ADAM CogTec and BrightWay Vision, while others – such as Binah.ai, Caaresys, ContinUse Biometrics and Neteera Technologies – are monitoring vital signs like heart rate, temperature and respiration rate.

Eyesight Technologies targets fleets, offering a occupancy and interior monitoring system (OMS).

All these companies are great examples of systems able to provide seamless and safe handover between the machine and the driver, in order to minimize safety risk and enhanced experience of well-being.

What’s Next?

Our next Scaleup Summits obviously.

Infographic:

  • Scaleup Summit Silicon Valley – September 23 – October 2, 2020
  • Scaleup Summit Europe – December 2020

Interested in joining?

  • If you are a corporate contact us here.
  • If you are a scaleup apply here.

About the authors